Sublease
/ˈsʌbˌlis/
Definitions
- (n.) A lease granted by a tenant to a third party, transferring some or all rights under the original lease for a portion of the remaining term.
The tenant signed a sublease agreement to rent the apartment to another tenant for six months.
- (v.) To grant a sublease to a third party, transferring tenant's rights under the original lease.
The lessee decided to sublease the property while working abroad.
Forms
- subleases
- subleased
- subleasing
Related terms
See also
Commentary
A sublease differs from an assignment in that the original tenant retains some interest and obligations under the original lease, making clarity in drafting essential.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.